Several other research analysts also recently issued reports on QCOM. Zacks Investment Research upgraded shares of QUALCOMM from a hold rating to a buy rating and set a $59.00 price target on the stock in a research report on Tuesday, October 17th. Stifel Nicolaus reiterated a buy rating on shares of QUALCOMM in a research report on Thursday, October 12th. Northland Securities upgraded shares of QUALCOMM from a market perform rating to an outperform rating and set a $62.50 price target on the stock in a research report on Friday, September 15th. J P Morgan Chase & Co reiterated an overweight rating on shares of QUALCOMM in a research report on Wednesday, September 6th. Finally, William Blair reiterated a market perform rating on shares of QUALCOMM in a research report on Tuesday, September 5th. Two analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and twelve have assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $65.42.
Shares of QUALCOMM (NASDAQ QCOM) opened at $66.00 on Friday. QUALCOMM has a 52 week low of $48.92 and a 52 week high of $70.24. The company has a quick ratio of 3.81, a current ratio of 4.00 and a debt-to-equity ratio of 0.63. The company has a market cap of $97,210.00, a price-to-earnings ratio of 17.08, a PEG ratio of 1.81 and a beta of 1.26.
QUALCOMM (NASDAQ:QCOM) last issued its earnings results on Wednesday, November 1st. The wireless technology company reported $0.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.22. QUALCOMM had a net margin of 11.06% and a return on equity of 18.08%. The company had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $5.80 billion. During the same quarter in the previous year, the company earned $1.28 EPS. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year. sell-side analysts expect that QUALCOMM will post 3.07 earnings per share for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 29th will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 3.45%. The ex-dividend date of this dividend is Tuesday, November 28th. QUALCOMM’s payout ratio is presently 138.18%.
In other news, EVP Michelle M. Sterling sold 4,740 shares of the stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $51.88, for a total value of $245,911.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Matthew S. Grob sold 20,000 shares of the stock in a transaction on Monday, November 6th. The shares were sold at an average price of $60.44, for a total value of $1,208,800.00. The disclosure for this sale can be found here. In the last three months, insiders sold 25,837 shares of company stock valued at $1,512,049. 0.24% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Westwood Holdings Group Inc. bought a new stake in QUALCOMM in the 2nd quarter valued at $114,000. Krilogy Financial LLC raised its stake in QUALCOMM by 47.0% in the 2nd quarter. Krilogy Financial LLC now owns 2,331 shares of the wireless technology company’s stock valued at $129,000 after acquiring an additional 745 shares during the period. Capstone Investment Advisors Netherlands B.V. bought a new stake in QUALCOMM in the 2nd quarter valued at $141,000. Jacobi Capital Management LLC raised its stake in QUALCOMM by 10.8% in the 1st quarter. Jacobi Capital Management LLC now owns 2,567 shares of the wireless technology company’s stock valued at $145,000 after acquiring an additional 250 shares during the period. Finally, Alpha Windward LLC raised its stake in QUALCOMM by 6.1% in the 2nd quarter. Alpha Windward LLC now owns 2,680 shares of the wireless technology company’s stock valued at $148,000 after acquiring an additional 153 shares during the period. Institutional investors and hedge funds own 76.93% of the company’s stock.
QUALCOMM Company Profile
QUALCOMM Incorporated is engaged in the development and commercialization of a digital communication technology called code division multiple access (CDMA). The Company is engaged in the development and commercialization of the orthogonal frequency division multiple access (OFDMA) family of technologies, including long-term evolution (LTE), which is an Orthogonal Frequency Division Multiplexing (OFDM)-based standard that uses OFDMA and single-carrier Frequency Division Multiple Access (FDMA), for cellular wireless communication applications.
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